ZIP Code · NJ

ZIP 07728

Part of Freehold, NJ

Pop. 55,984·Monmouth County·49th most expensive ZIP in New Jersey

Median rent (all units)

$2,901/mo

Year-over-Year

+3.2%

Month-over-Month

+0.5%

vs US Median

+$969

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07728 · $2,901

More expensive than 89% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,810

1 BR

$2,040

2 BR

$2,520

3 BR

$3,290

4 BR+

$3,650

Research median

$2,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 07728 is at its highest level since Zillow's records here began in May 2022.

Past year vs. the rest of New Jersey

Rent in ZIP 07728 changed +3.2% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($114,072) is $2,852 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,520); a 3-bedroom is $3,290.

Cheaper nearby

ZIP 08831, 10 miles away, rents for 11% less ($2,581/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07728. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$34,812/yr

At $2,901/mo median

Location

CityFreehold

StateNJ

CountyMonmouth County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.2% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 07728 (Freehold, NJ) is majority owner-occupied, has a median income above the national average, 46% of residents hold a bachelor's degree or higher.

Population

55,984

Median income

$114,072

Median age

41.7

Renters

21.4%

Age distribution

23.8%

17.8%

25.5%

14.8%

18.1%

Under 1823.8%

18–3417.8%

35–5425.5%

55–6414.8%

65+18.1%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

73.5%

19.3%

White73.5%

Black4.2%

Hispanic19.3%

Asian5.6%

Education (25+)

24.3%

21.7%

46%

No HS diploma8%

HS diploma24.3%

Some college21.7%

Bachelor's+46%

Housing tenure

78.6%

21.4%

Owner78.6%

Renter21.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 07728 in Freehold, NJ has changed in 5 years

Rent

$2,602 → $2,901

up 11.5%

Income

$101,043 → $114,072

up 12.9%

Population

57,245 → 55,984

down 2.2%

Renter share

24.8% → 21.4%

-3.4 pts

Bachelor's+

44.5% → 46%

+1.5 pts

The median rent in ZIP 07728 in Freehold, NJ stood at $2,602 in 2023 and currently runs about $2,901, reflecting a 11.5% increase over the period. On the earnings side, the typical household in ZIP 07728 in Freehold, NJ now reports about $114,072, up from $101,043 in 2021. The population has contracted by 2.2% since 2021, moving from about 57,245 residents to roughly 55,984. Renters now make up 21.4% of households, compared with 24.8% five years ago. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 07728 in Freehold, NJ reflects that arc in its own way.

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About renting in ZIP 07728

Last updated: October 17, 2026

ZIP code 07728 covers Freehold, NJ. The median rent here is $2,901/mo as of October 2026. A 1-bedroom rents for a median of $2,040/mo. A 2-bedroom rents for a median of $2,520/mo.

At 31% of local median household income ($114,072/yr), ZIP 07728 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07728?

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (about $56/hour full-time) to afford the median rent of $2,901/mo in ZIP 07728. The local median household income is $114,072/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07728?

Rent in ZIP 07728 has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2022.

How does ZIP 07728 compare to other ZIPs in New Jersey?

ZIP 07728 is one of the pricier among New Jersey ZIP codes for rent, ranking #49 of 209 at $2,901/mo. Over the year to September 2026, rent in ZIP 07728 changed +3.2%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.